Theoretical Approach to Entrepreneurship: A Review of Literature

Abstract

Entrepreneurship is a field of research that is considered today to be of very considerable importance, given its impact on the global economy and on the human development of modern societies. This position is reflected in the scope of the entrepreneurial individual, who is seen as the central axis that moves and structures success of the entrepreneurial process. The purpose of this paper is to define the entrepreneurial project related to the concepts of entrepreneurship based on the fundamental concepts of the entrepreneur and the entrepreneurial process. Entrepreneurship seems as a strategic and operational construct at first a glance, which makes it possible to put in place the managerial strategies that will be conducted according to the attitude and aptitude of the entrepreneur. The latter is likely to seize and successfully exploit the targeted opportunity. Thus, this reformulation work makes it possible to describe the entrepreneurial phenomenon. This section of the literature review provides a better understanding of the key concepts that constitute the necessary condition for the classic operation of the entrepreneurial approach.

Keywords

• entrepreneurship
• entrepreneur
• entrepreneurial process
• value creation